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National market update

Existing-Home Sales Retreat 1.8 Percent in June

WASHINGTON (July 24, 2017) — Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Only the Midwest saw an increase in sales last month.

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There you are, a bachelor’s degree in hand, a spring in your step, gleam in your eye, growing debt on your credit report, and a great desire to move things along. Maybe you’ve already got a starting gig and a few years of real-world experience under your belt. Maybe you’re still kicking back, waiting for your future to crystallize while gorging on angsty, postgrad movie classics like “Slackers,” “Reality Bites,” or “The Graduate” (“Plastics!”). Either way, you find yourself immersed in that eternal quarter-life crisis: What are you really going to do with your life? And where are you going to do it?

Existing home median price (June)

Housing Starts (June)

New home sales (May)

National economic indicators

Home ownership

2nd Quarter 2017

63.7%

1st Quarter 2017

63.6%

The homeownership rate of 63.7 percent was 0.8 percentage points higher than the rate in the second quarter 2016 (62.9 percent) and not statistically different from the rate in the first quarter 2017 (63.6 percent).

New home sales

May 2017

+2.9%

June 2017

+0.8%

Sales of new single-family houses in June 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.8 percent (±12.1 percent)* above the revised May rate of 605,000 and is 9.1 percent (±14.4 percent)* above the June 2016 estimate of 559,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Bryan Cerny

With the warming temps, now is the time to get out in the yard. Planted the flowers yet?? Best do it before those hot mid-June and July temps come. Read more

Starting next week(April 2nd through 12th, Norfolk VA Stage Company will entertain you with the always funny Odd Couple. The Wells Theater is the site of the show, located at 108 E Tazewell Street Norfolk, VA 23510. If you’d like a map of the event, a schedule and a list of performers Read more

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Consumer tips & hot properties

Move Over, Boulder: 10 Cities Where Outdoor Lovers Can Actually Afford to Live

Places with plenty of outdoor activities and fantastic weather have become synonymous with sky-high housing prices. But we found some hidden spots where you can practically live outside—without emptying your 401(k).

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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